Zacks Research Estimates W&T Offshore FY2028 Earnings

W&T Offshore, Inc. (NYSE:WTI) – Stock analysts at Zacks Research issued their FY2028 earnings per share estimates for shares of W&T Offshore in a research note issued on Monday, March 30th. Zacks Research analyst Team forecasts that the oil and gas company will earn $0.20 per share for the year. Zacks Research has a “Hold” rating on the stock. The consensus estimate for W&T Offshore’s current full-year earnings is ($0.45) per share.

W&T Offshore (NYSE:WTI) last posted its quarterly earnings results on Monday, March 16th. The oil and gas company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.08). The firm had revenue of $121.71 million during the quarter, compared to analysts’ expectations of $115.36 million.

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of W&T Offshore in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold”.

W&T Offshore Price Performance

W&T Offshore stock opened at $3.60 on Tuesday. W&T Offshore has a one year low of $1.09 and a one year high of $4.04. The business’s fifty day moving average is $2.63 and its 200 day moving average is $2.14. The stock has a market capitalization of $534.86 million, a PE ratio of -3.56 and a beta of 0.26.

W&T Offshore Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Thursday, March 19th were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Thursday, March 19th. This represents a $0.04 annualized dividend and a yield of 1.1%. W&T Offshore’s payout ratio is currently -3.96%.

Hedge Funds Weigh In On W&T Offshore

A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in W&T Offshore by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 6,828,361 shares of the oil and gas company’s stock worth $12,428,000 after purchasing an additional 19,283 shares during the period. Millennium Management LLC boosted its holdings in shares of W&T Offshore by 24.2% in the 1st quarter. Millennium Management LLC now owns 3,071,610 shares of the oil and gas company’s stock worth $4,761,000 after purchasing an additional 598,614 shares during the period. State Street Corp increased its position in W&T Offshore by 0.5% during the fourth quarter. State Street Corp now owns 2,680,643 shares of the oil and gas company’s stock valued at $4,369,000 after acquiring an additional 14,426 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in W&T Offshore by 25.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,540,588 shares of the oil and gas company’s stock valued at $4,141,000 after purchasing an additional 508,050 shares during the last quarter. Finally, UBS Group AG grew its stake in shares of W&T Offshore by 381.1% during the fourth quarter. UBS Group AG now owns 2,400,024 shares of the oil and gas company’s stock valued at $3,912,000 after buying an additional 1,901,213 shares during the last quarter. Institutional investors own 42.88% of the company’s stock.

About W&T Offshore

W&T Offshore, Inc is an independent oil and gas exploration and production company focused primarily on offshore operations in the Gulf of Mexico. The company acquires, develops and produces crude oil and natural gas reserves, operating a portfolio of producing properties that encompasses both shallow-water and deepwater assets. W&T Offshore leverages its technical expertise and asset management capabilities to optimize field development and production efficiency across its portfolio.

Founded in 1983 and headquartered in Covington, Louisiana, W&T Offshore has built a track record of disciplined growth through strategic acquisitions and targeted exploration activities.